FOREIGN EXCHANGE

Dominion, Volume 28, Issue 81, 29 December 1934, Page 14

FOREIGN EXCHANGE

On New Zealand Currency Basis LATEST QUOTATIONS The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday:—

T.T, represents telegraphic transfers. O.D. represents on demand transactions. .. _ The above rates are subject to alteration without notice. New Zealand Pound Abroad Based f>n the rates quoted yesterday by the Bank of New South wales, £1 New Zealand was worth approximately.: 16/1 in London. £l/0/1 in Australia. 16/1} in U.S.A. i 16/- in Cr.nadfc 9/6} in Franca. 9/10} in Italy. 9/5} in Germany. . 9/5} in Java, £l/7/10 in Japan. Position of Sterling By Telegraph.—Press Assn. —Copyright. Jxoiulon, December 27. The following rates on foreign exchanges wore current to-day, compared with those rallng on December 22:—

Gold and Silver. London, December 27. Gold—£7/0/10} per fine ounce. Silver—Cash, 24 l-Bd. per ounce; forward, 24}d. Dollar Conversion Rates The Associated Banks have agreed that the conversion rates from December 24 will be:— U.S.A. Canada Conversion of dollar bills received for collection and sale of dollar drafts .. 4.88 4.84 Purchase of dollar bills .. 4.08 4.04 These conversion rates are, of course, quoted on a sterling basis (London funds) and current rate of exchange New Zealand on London will be charged or allowed as the case may require. Customs Exchange Rates Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessel in New Zealand, finally declared rates being marked* : — Niagara, America, dollars .. *4.90 Niagara, Canada, dollars .. *4.85 City of Glasgow, America, dol. 4.99 Golden State, America, dol. . 4.96-} Sydney Maru, Japan, yen .. 141-32 Canadian Britisher, Canada, dol 4.84 3-8 Mariposa, America, dollars .. 4.941-16 Indien. America, dollars .... 4.941-16 Benholm, America, dollars .. 4.941-16 Dividends and Calls Dividends- Due. Morris, Hedstrom—lr,t., 2 p.c. Dec. 31 British Tobacco —quarterly, 1} p.c Dec. 31 W’gton Invest. T. and A.—lnt. 2 p.c Dec. 31 Woolworths, Ltd. (Sydney)— interim, ord. 2 per cent. Jan. 2 National Bank of N.Z.—lnt. at rate of 4 p.c. p.a Jan. 5 Bulolo Gold Dredging—lnterim, 00 cents Canadian, less tax of 5 p.c lan. 10 Mount Morgan—int., Od. a share Jan. 10 Placer Development—interim, 1 dollar 80 cents Canadian, less tax of 5 p.c Jan. 10 A. P. Assurance—2} p.c Feb. 5

Buying. Selling. France — Franca to £1 59.46 N.Z. .... T.T. 60.76 O.D. 61.06 59.51 Noumea — Franca to £1 61.71 58.71 N.Z T.T. O.D. 62.11 58.76 Papeete— Franca to £1 61.71 58.71 N.Z TJT. O.D. 62.11 58.76 Belgium— Belgas to £1 N.Z. l... 17.288 16.588 O.D. 17.388 16.603 Germany— Reichmarka 9.658 to £1 N.Z. T.T. — O.D. —— 9.663 Italy— Biro to £1 N.Z T.T. ■ 45.70 O.D. 45.74 Switzerland— Francs to £1 12.466 12.066 N.Z. «... T.T. O.D. 12.541 12.076 Holland— Florins to £1 N.Z. ...i T-T. O.D. 6.000 5.750 6.050 5.754 Java — Florina to £1 5.963 5.738 N.Z. .... T.T. O.D. 6.013 5.742 Japan— N.Z. pence ' to 1 yen ' T.T. — 17 21-32 Shanghai— N.Z. pence to 1 dollar T.T. 20 1-32 21 11-32 O.D. 19 29-32 21 9-32 India and Ceylon— , N.Z. pence to 1 rupee T.T. 22 9-32 22} O.D. 22 5-32 22 9-16 Hong-Kong— N.Z. pence to 1 dol. T.T. 25} 26 5-16 O.D. 25} 26} Singapore— 1 N.Z. pence 34 7-16 35} to 1 dol. T.T. O.D. 34 5-16 35 5-16

K. York, dol. to Dec. 27. Dec. 22. Par. £ 4.93 7-3 4.945 14.866 Montreal, dol. to £ 4.905 4.895 4.866 Paris, fr. to £ 7425-32 74 29-32 124.21 Brussels, bel. to £ 21.05 21.12 35.00 Geneva, fr. to 15.24 15.26 25.225 Amst’dam, fl. to £ 7.30 7.30J 12.107 Milan, lire to £ 57 23-32 5713-16 92.40 Berlin, mks. to £ £ 12.28 12.30 20.43 St’holm. knr. to 19.395 19.395 18.159 C’hagen, knr. to £ 22.395 22.395 18.159 Oslo, knr. to £ 19.905 19.905 18.159 Vienna, schgs. to £ 26.75 26.75 34.585 Prague, knr. to £ 118 118.125 164.25 Hel'fors, inks, to £ 226.50 226.50 193.23 Madrid, pes. to £ 363-32 36 5-32 25.225 Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to £ •517 •517 375 Belgrade, din. to £ 217 217 276.31 Bucharest. lei to £ 490 492.50 813.60 Warsaw, zloty to £ —• 26.12 43.38 Illo de J., n. to mil. 144 t4i 5.899 1>. Aires, p. to peso t36J 136} 47.62 M. Video, p. to peso 139 5-8 t393-8 51 Calcutta, p. to rup. 181-16 18 1-16 18 Shanghai, p.-to dol. 1611-16 Mi — JI.-Kong, p. to dol. 20 5-8 20 7-16 ■ — Y'haroa, p. to yen 14 14 24.582 Batavia, -fl. to 7.28 7.4185 12.107 iSellers, official. •Sellers. IPar, 8.23 31-32 since dollar devaluation on February 1, 1931.